"What is coming for the future are strategies more tailored to specific needs or sectors," says HMC's Ricard Morales.
Franklin Templeton to acquire Lexington Partners
“This acquisition will position us to capitalize on the highly sought after secondary private equity market," said Jenny Johnson, president and CEO of Franklin Templeton.
State Street to acquire Brown Brothers Harriman Investor Services
The acquisition will advance State Street’s strategy as an enterprise outsource solutions provider, strengthening competitive positioning, expanding geographic coverage and enhancing client experience.
Patria and Moneda to merge, creating impressive alternatives platform in Latin America
The combined platform will manage over USD 9.7 billion in private equity, USD 5.5 billion in credit, USD 5.1 billion in infrastructure, USD 2 billion in advisory, USD 3 billion in PIPE/public equities and USD 500 million in real estate.
JPM ascends US Offshore vet to bolster coverage
John Oestreicher, client advisor for the US Offshore business, is taking on additional responsibility to serve as national sales manager for US Offshore.
Amundi nears deal to buy rival Lyxor for EUR 825 million
Acquisition strengthens Paris-based asset manager’s position in fast-growing European ETF industry.
Exclusive: Franklin Templeton ends Andean distribution partnership with Vision
Arturo Alegria said Vision maintains relationships with AllianceBernstein and Altment Capital, in addition to the alternatives boutiques Cheyne and Lansdowne.
Santander PB to acquire USD 4.3b Miami wealth biz of Indosuez
"We want to keep growing our business – especially in geographies where we see major commercial potential like the US," said Santander's Víctor Matarranz.
JPM broadens Latam reach, adding iShares exec and three new ETFs
JP Morgan brought on Carlos Brito, who had led ETF distribution for BlackRock's iShares unit in Mexico for the last four years.
Andean AFPs hope improving economies will negate need for further withdrawals
A third withdrawal in Chile or in Peru does not have sufficient support at this time but, once the economic effect of the previous withdrawals is over, the situation could change.